positional traders
POSITIONAL TRADERS
COVER INTRADAY SHORTS,KEEP SOME MARGIN WITH YOU,IF A BOUNCEBACK COMES TOMMOROW ,WE WILL SHORT AGAIN.
HOLD ALL OLD SHORTS AND NIFTY 4300 PUTS.
Indtraday calls
NIFTY FUT: Unwinding should continue up to 4343.00-4345.00 zone. Rallies up to 4430.75 can be used to exit. SL at 4503.10-4505.10 zone.
INVESTMENT BUY: Buy KEC (NSE Cash CMP 14.00) and can HOLD for One Year. Start buy 25% now and remaining later
NIFTY FUT: Unwinding should continue up to 4406.75-4408.75 zone. Rallies up to 4452.00 can be used to exit. SL at 4503.10-4505.10 zone.
NIFTY FUT: SL triggered. Unwinding should continue up to 4438.60-4440.60 zone. Rallies up to 4494.50 can be used to exit. SL at 4503.10-4505.10 zone. SMS sent at 12.12 PM.
NIFTY FUT: Buy with a Stop Loss of 4470.50 level. Target at 4503.10-4505.10 zone
Cash Market Intra-Day: RPOWER (NSE Cash CMP 167.80) going down. Sell with a Stop Loss of 169.80 level.
Cash Market Intra-Day: RESURGERE (NSE Cash CMP 297.00) going down. Sentiment is good. Take a risk and buy. SL at 294.00 level.
ONLY POSITIONAL TRADERS>>>
CARRY OLD SHORTS,PUTS
IF NIFTY spot TRADES BELOW 4410, then SHORT FOR A Tgt OF 4380,4320.
SHORT SBI,TGT 1490,1470.
CARRY SAIL SHORTS TGT 142,140.
CARRY ITC TGT 190,188
OUTLOOK FOR TODAY 10TH SEP 2008
Strong & Weak futures
This is list of 10 Strong Future
: Great Offshore L, Indin Bank, Orient Bank, Jet Airways (ind), Apetch Training, Moser Baer(I), St. Bk. India, HCL Technologies, Bharat Petro, Yes Bank Limited. And this is the list of 10 Weak stocks ;Sesa Goa Ltd. Gnfc Ltd. Triveni Engg. & The Ge Shpg. Ltd, Ranbaxy Labs, Chennai Petroleu, Bongaigaon R, Ndtv Ltd, Guj. Alkalies, Housing Dev & In.Nifty is in Up Trend.
Below 4472 level, selling may continue up to 4460-4462 zone and thereafter it can tumble up to 4439-4441 zone.
Hurdles at 4499 level & at 4503-4505 zone. If crosses 4514 level then expect short covering up to 4535-4537 zone.
Sell if touches 4546-4548 zone. Stop Loss at 4567-4569 zone.
On Negative side, Multiple Support Zones exist at 4428-4430 zone & at 4407-4409 zone. Below these zones, expect panic up to 4396-4398 zone and if breaks & sustains then free fall will start.
Short-Term Investors:
Reversal (Negative) is seen. Exit on rallies.
Short-Term Upward Target at 4599-4601 zone.
Short-Term Support at at 4364-4366 zone.
SENSEX
Technically it should fall. If Bears are reluctant mood then Bulls may try to rig up and have caution.
----------------JINDAL SAW (NSE Cash): Likely to Fall.
Technically it should come down.Support at 595 level
. If breaks & sustains at below this level then downtrend may start.Hurdle at 628 level. Supply expected at around this level. This supply should get absorbed too.
HIND ZINC FUTURES (NSE):
Likely to Fall. Technically it should come down.Support at 541 level.
If breaks & sustains at below this level then downtrend may start.Hurdle at 567 level.
Supply expected at around this level. This supply should get absorbed too. --------------------The Dow Jones Industrial Average closed at 11,230.73. Down by 280.01 points.
The Broader S&P 500 closed at 1,224.51. Down by 43.28 points.
The Nasdaq Composite Index closed at 2,209.81. Down by 59.95 points.
The partially convertible rupee <INR=IN> ended at 44.84/85 per dollar on yesterday, weaker than Monday's close of 44.60/61.
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Sell SMALLCAP Stocks
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US MARKET Closed in negative with -280 &
Counters in the +ve GBPL, Gemini, Naharspg, Ramcosys, Shantigear, Stretch, Indiacem
Short DLF-502 for 485-476 with sl 508
Short Prismcem-35. 60 for 32 with sl 37
Short Tatamotors-420 for 406-391 with sl 427
Buy HPCL-243 above 245 for 255 with sl 240
Buy NEClife-375 above 380 for 399 with sl 375
Buy IFCI-48.85 above 50 for 60 with sl 48 [Positional]
Use Strict SL for both long and short
All Asian market trading in –ve. Market will open with gap down and trending towards –ve. Closing below 4400 will be very bearish ----
-ve to Market
1. US Market 2. Asian Market 3. Profit Booking 4. Continuous FII selling. 5. Technical weakness\
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Arvind Parekh
+ 91 98432 32381
